A Step-by-Step-Guide on how to buy renBTC (RENBTC)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your first 10 Dollar.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. renBTC (RENBTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate renBTC (RENBTC) Once your deposit has been affirmed, you'll instantly have access to your finances and you can begin buying and trading. To invest in renBTC (RENBTC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to locate renBTC (RENBTC), you'll need to put the cointype (RENBTC) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've highlighted this too. Click on “RENBTC/BTC” to continue.
Step 4 – Purchase renBTC (RENBTC) Once you've spotted renBTC (RENBTC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our Limit Order. The “Price” field will be filled automatically with the most up-to-date price (RENBTC) renBTC was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of RENBTC you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of RENBTC. If you're glad, make a mouse click on “Buy RENBTC”. Your order will be filled when a Vender sells their RENBTC for the price you offered.
Step 5 – Withdraw renBTC (RENBTC) Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your renBTC (RENBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (RENBTC) renBTC can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate renBTC (RENBTC) by using the provided drop-down box. Put into the volumen of (RENBTC) renBTC you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You could be asked for verfication via phone/email before a take off.